The Insolvency and Bankruptcy Code 2016


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The_Insolvency_and_Bankruptcy_Code_2016

Section / Rule Number Content


149. Functions of bankruptcy trustee.
150. Duties of bankrupt towards bankruptcy trustee.
151. Rights of bankruptcy trustee.
152. General powers of bankruptcy trustee.
153. Approval of creditors for certain acts.
154. Vesting of estate of bankrupt in bankruptcy trustee.
155. Estate of bankrupt.
156. Delivery of property and documents to bankruptcy trustee
157. Acquisition of control by bankruptcytrustee.
158. Restrictions on disposition of property.
159. After-acquired property of bankrupt.
160. Onerous property of bankrupt.
161. Notice to disclaim onerous property.
162. Disclaimer of leaseholds.
163. Challenge against disclaimed property
164. Undervalued transactions
165. Preference transactions.
166. Effect of order.
167. Extortionate credit transactions.
168. Obligations under contracts.
169. Continuance of proceedings on death of bankrupt.
170. Administration of estate of deceased bankrupt.
171. Proof of debt.
172. Proof of debt by secured creditors
173. Mutual credit and set-off.
174. Distribution of interim dividend
175. Distribution of property.
176. Final dividend.
177. Claims of creditors.
178. Priority of payment of debts

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